Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has sold 60 million shares in SGX-listed Ezion Holdings Limited (Ezion) as part of its capital allocation strategy. This divestment will strengthen Ezra’s cash
Finnish renewable technology developer, Wello Ltd, has announced that its Penguin wave energy converter is ready for full-scale deployment at the European Marine Energy Centre (EMEC) in Orkney, following successful testing. Wello’s 0.5 MW Penguin device, which produces sustainable power through wave
Veripos, world leaders for provision of high-precision GNSS positioning solutions for the offshore oil and gas industry, has extended the North West European sector of its global multi-source network with the establishment of new reference station facilities at Hammerfest in northern Norway. The new
Alexey Miller, Chairman of the Gazprom Management Committee moderated a meeting dedicated to the South Stream project. Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department and Marcel Kramer, Chief Exec
Hydratight has launched an updated Emergency Pipeline Repair System to offer better disaster planning and contingency services to operators and contractors. Following the dramatic reaction to the Gulf disaster in early 2011, ever-increasing demands are being placed on oil and gas operators to provid
U.S. Senators Olympia J. Snowe and Susan Collins and Representatives Mike Michaud and Chellie Pingree applauded the Federal Energy Regulatory Commission’s (FERC) approval of a pilot project license for the Ocean Renewable Power Company (ORPC) of Portland. The permit, which requires close environment
MEO Australia Limited releases the findings of an independent report by Senergy (GB) Limited (“Senergy”), commissioned by MEO to provide a preliminary volumetric assessment of the Marina-1 gas and liquids discovery and the Breakwater prospect in its 100% owned WA-454-P, in the Joseph Bonaparte Gulf,
For the first time, the U.S. Geological Survey has estimated the potential of undiscovered, technically recoverable onshore shale oil and gas resources in Alaska’s North Slope. The estimates range from 0 up to 2 billion barrels of oil and from 0 up to 80 trillion cubic feet of gas – representing tec
Ocean Power Technologies, Inc., a leading wave energy technology company, announced the appointment of Timothy Stiven as Managing Director of Ocean Power Technologies Limited, the Company’s UK-based wholly-owned subsidiary, effective March 1, 2012. He succeeds Angus Norman, who is stepping down from
Statoil together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil. The partnership announced today that it has made a high impact discovery in the Pão de Açúcar prospect located in the BM-C-33 block in the Camp
In 2011, eight minor personal injuries and one near-miss were reported in saturation diving in connection with petroleum activities, according to the Petroleum Safety Authority Norway’s report from the diving database system DSYS. This year’s report contains statistics and analyses based on data fro
The global AUV fleet is increasing and demand for autonomous underwater vehicles is expected to show steady growth over the period to 2016 according to a new report by Douglas-Westwood. Report author Paul Newman commented, “Many of the factors in the drive to using unmanned military aircraft, the so
The latest innovation from the pioneers of the multiple echo ultrasonic thickness gauge: * Reliable measurements through coatings * Live A-Scan display for thickness measurement verification * Large 2.4″ colour TFT screen * Topside monitoring with DIVELink * Data logging capability * Optional Helmet
Satrijo Tanudjojo, president of Nexans (China) Wires & Cables Co., stated in an interview “The future of power cable will be submarine. China has put a lot of efforts into renewable energy, and one of the areas which is considered to have the maximum growth potential is offshore wind farm,” therefor
